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Extreme Networks, Inc. (EXTR) is a leading provider of software-driven networking solutions aimed at enhancing business operations by facilitating stronger connections among customers, partners, and employees. Founded in 1996 and headquartered in San Jose, California, Extreme Networks serves over 20,000 customers across more than 80 countries.
Extreme Networks offers a comprehensive range of products and services, including wired and wireless network infrastructure equipment and advanced software for network management, policy enforcement, analytics, and access controls. The company's solutions are designed to address the networking needs of various sectors, including business, education, government, healthcare, manufacturing, and hospitality.
Key offerings from Extreme Networks include high-density Wi-Fi solutions, centralized and cloud-based network management systems, and application analytics. These products are engineered to support both on-premise and cloud-based deployments, ensuring flexibility and scalability to meet diverse client requirements.
With a commitment to customer support, Extreme Networks provides 100% insourced call-in technical assistance, catering to organizations of all sizes. The company's customer base includes some of the world's leading enterprises, reinforcing its reputation for reliability and innovation in the networking industry.
Extreme Networks continues to drive growth and innovation through strategic partnerships and cutting-edge projects. The company's financial performance is bolstered by its significant presence in the Americas, which generates approximately half of its revenue, with the remainder coming from Europe, the Middle East, Africa, and the Asia-Pacific region. For more details, visit Extreme's website or call 1-888-257-3000.
Extreme Networks (EXTR) has outlined its investor conference schedule for May and June 2022, featuring key presentations by top executives. Notable events include the 2022 Investor Day on May 18, hosted at Major League Baseball Headquarters in New York City, followed by participation in various virtual conferences such as the Needham Technology & Media Conference and the Craig-Hallum Institutional Investor Conference. For more details and to register for events, visit Extreme's website.
Extreme Networks (NASDAQ: EXTR) plans to release its financial results for the third fiscal quarter ended March 31, 2022. The announcement will take place before market open on April 27, 2022, followed by a conference call at 8:00 a.m. ET.
Investors can access the call via webcast or by dialing 1 (877) 303-9826. An encore recording will be available for seven days post-call.
Extreme Networks (NASDAQ: EXTR) has expanded its Wi-Fi 6E offerings with the introduction of the AP5010 model, enhancing its portfolio aimed at high-density environments. Key installations include Henry Ford Health System in the U.S. and Crowne Plaza Antwerp Hotel in Belgium, both utilizing Extreme's technology for improved connectivity and innovative services. The deployment of Wi-Fi 6E is expected to significantly boost network performance and customer experiences, with Henry Ford planning full deployment by end of 2022.
Extreme Networks will host its Investor Day on May 18, 2022, at the MLB headquarters in New York City, beginning at 8:30 a.m. ET. The event will feature executive presentations, special guests, demos, and Q&A sessions covering topics such as strategic growth opportunities, customer testimonials, and financial outlook. The event will also be livestreamed for virtual attendees. Interested parties can register for the event here.
Extreme Networks reported record data and Wi-Fi usage during the 2021-2022 NFL season, highlighting the digital engagement of fans. An average of 6.21 TB of data was transferred per game, a 34% increase from the previous season. During Super Bowl LVI, 57,618 unique devices connected, and data usage soared to 31.2 TB, an 18% increase compared to 2020. This performance underscores Extreme's role in enhancing in-stadium experiences through its cloud-driven Wi-Fi solutions, showcasing significant peak network utilization and high fan engagement.
Extreme Networks (Nasdaq: EXTR) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference on March 7–8, 2022, in San Francisco. Ed Meyercord, President & CEO, will conduct one-on-one meetings on March 7. Extreme Networks, a leader in cloud-driven networking solutions, serves over 50,000 customers globally, leveraging technologies like machine learning and automation for digital transformation.
Extreme Networks, Inc. (EXTR) announced on February 8, 2022, that schools worldwide are selecting its cloud-driven networking solutions to enhance tech-based curricula. The company highlights partnerships with institutions like the King-Chavez Neighborhood of Schools and Smith Vocational and Agricultural High School, which utilize Extreme's technology for improved network performance and management. New capabilities support bandwidth-intensive applications such as AR/VR, while also simplifying IT operations and reducing costs.
Extreme Networks (Nasdaq: EXTR) announced new leadership appointments in its global sales organization on Feb. 2, 2022. Scott Peterson has been named Senior Vice President of Global Channel Sales, while Mark Dellavalle takes on the role of Senior Vice President of Global Systems Engineering. Both leaders will report to Joe Vitalone, Chief Revenue Officer. Peterson's extensive experience is expected to drive growth in the company’s channel program as it transitions to a SaaS model, while Dellavalle will enhance the systems engineering team.
Extreme Networks (Nasdaq: EXTR) has announced a multiyear partnership with the NHL, becoming the Official Wi-Fi Analytics Provider and Wi-Fi Partner in the U.S. through 2026. This collaboration will see the deployment of ExtremeAnalytics™ at select NHL arenas, enhancing network performance visibility and providing actionable insights for improving fan experiences. The partnership is expected to streamline venue operations and elevate game-day engagement through advanced Wi-Fi 6 access points. Extreme's solutions will help monitor network efficiency and capacity, benefiting NHL IT teams.
Extreme Networks reported a strong performance for Q2 FY22, with revenue reaching $280.9 million, a 16% increase year-over-year. SaaS ARR grew by 55% to $88.3 million. GAAP EPS improved to $0.10 compared to a loss of $0.02 last year. Despite supply chain challenges, the company achieved a non-GAAP operating margin of 13.1%, up from 10.2%. The firm also executed a $25 million share repurchase. Positive momentum is backed by a significant backlog of nearly $300 million and new partnerships, including with Manchester United and the NHL.
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